For Sale
$1,333,333

2650 95Th StEvergreen Park, IL 60805

High-yield NNN ground lease; strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a 1,765 square-foot Take 5 Oil Change, situated on a 0.69-acre lot in Evergreen Park, Illinois. The property boasts a strong location within the Chicago MSA, a top-three US population center, with over 586,000 residents within a five-mile radius. The average household income within one mile is $135,835, indicating a high-spending demographic. This single-tenant, absolute NNN ground lease offers significant advantages, including no landlord responsibilities and a guaranteed lease through February 2033, with six 5-year renewal options. The lease includes 7.5% rent bumps every five years, with the next increase scheduled for March 2027. The property benefits from its strategic location along 95th Street (36,400 vehicles per day) and proximity to the Dan Ryan Expressway (266,000 vehicles per day), as well as a dense retail corridor featuring major national tenants like Walmart, Aldi, and Mariano's (Kroger), which serves as a shadow anchor. The building, constructed in 2021, enjoys 100% occupancy and generates a Net Operating Income (NOI) of $90,000, resulting in a 6.75% cap rate. The property's proximity to OSF HealthCare Little Company of Mary Medical Center further enhances its appeal. This e-commerce resistant business model, backed by a six-unit franchisee, presents a compelling investment opportunity with significant long-term growth potential. The asking price is $1,333,333.

Highlights

  • $1,333,333 asking price for a 1,765 SF Take 5 Oil Change in Evergreen Park, IL.
  • 6.75% cap rate with $90,000 NOI.
  • Absolute NNN ground lease with 8.3 years remaining, expiring 2/28/2033, and six 5-year renewal options; 7.5% rent bumps every 5 years (next in March 2027).
  • Located in a high-traffic area with over 36,400 vehicles per day on 95th St and proximity to the Dan Ryan Expressway (266,000 VPD).
  • Shadow-anchored by Mariano's (Kroger) and situated in a dense retail corridor including Walmart, Aldi, Sam's Club, and more.

Property Details for 2650 95Th St

Property type
Retail properties, Auto shops
Square Feet
1,765 SF
Year Built
2021
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Evergreen Park
County
Cook
State
Illinois
Latitude
41.7213924
Longitude
-87.6890062
2650 95Th St, Evergreen Park, Illinois

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2650 95Th St
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